New York, New York - 10/02/2012
Cell Therapeutics Inc (NASDAQ:CTIC) surged up 17.04% to $2.61 on a traded volume of 1.84 million shares. The Company said that OPAXIO has been granted orphan-drug designation by the U.S Food and Drug Administration for the treatment of glioblastoma multiforme. Glioblastoma multiforme is a malignant brain cancer. Orphan designation was granted based on preliminary activity seen from phase 2 results of OPAXIO when added to standard therapy.
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AEterna Zentaris Inc (USA) (NASDAQ:AEZS) soared 3.0% to $0.69. The Company announced that AEZS-120, preclinical data on its oral prostate cancer vaccine candidate were presented over the weekend at the 32nd Congress of the Societe Internationale d'Urologie. The presentation underlined the feasibility of an oral therapeutic vaccination approach against prostate cancer.
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Liberty Media Corp (Capital) (NASDAQ:LMCA) moved up 1.17% to $106.0. The Company said that it will focus on European market, which is seen as fragmented and underdeveloped. The Company said that Europe is low-priced and high-value. Liberty Global Inc has become the world's second-largest cable operator by buying and selling around $25 billion in companies over the past seven years.
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J.C. Penney Company Inc (NYSE:JCP) declined 4.03% to $23.59. The Company’s repair reflects a big bet on the value of using technology to connect elements of the supply chain–from the products themselves to mobile point of sale devices and back-office systems.
The Company is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012.
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Plains Exploration & Production Company (NYSE:PXP) went down 0.22% to $37.0 on a traded volume of 219k shares. The Company provided an update on third-quarter 2012 preliminary production estimates and on initial financing of the previously announced Gulf of Mexico acquisition.
The Company’s third-quarter preliminary daily sales volumes averaged approximately 105 thousand barrels of oil equivalent per day. The estimated third-quarter average daily oil/liquids sales volumes increased approximately 5% compared to second-quarter 2012.
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